Canadian Construction Firm Aecon Hired Advisers to Explore Sale

  • Construction company working with TD Bank, Bank of Montreal
  • Shares surge as much as 26 percent on report of deliberations
Photographer: Brent Lewin/Bloomberg
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Canadian construction company Aecon Group Inc. confirmed Friday as its shares skyrocketed that it has hired advisers to explore a potential sale.

Aecon, which helped build Toronto’s CN Tower, is working with Toronto-Dominion Bank and Bank of Montreal on the sales process.